Tag Archives: CBN
BREAKING: CBN Sacks Boards of Union, Titan, Keystone, Polaris Banks
The Central Bank of Nigeria has, with immediate effect, sacked the entire Board of Directors of Polaris, Titan, Union and Keystone Banks. CBN sources say the decision was taken in a meeting led by the apex bank’s governor, Yemi Cardoso,
CBN Special Investigator Summons Titan Trust MD, Major Shareholders Over Acquisition Of Union Bank
The special investigator panel on the Central Bank of Nigeria (CBN) and related entities has summoned Babatunde Lemo, chairman of Titan Trust Bank (TTB), over the institution’s acquisition of Union Bank of Nigeria (UBN). In a letter dated December 24,
JUST IN: Fake Naira Notes In Circulation, CBN Warns Nigerians
The Central Bank of Nigeria has warned Nigerians to be wary of counterfeit naira notes in circulation amid reports of currency shortage in the country. In a statement released on Friday titled ‘Beware of Counterfeit Naira Banknotes in Circulation,’ the
Arrest Warrants Out for New CBN Governor, Accountant General, Others Over Alleged Fraud
This followed the adoption of a motion by Rep Fred Agbedi (PDP-Bayelsa) at the committee’s hearing on Tuesday, December 05, 2023. Moving the motion, Agbedi said that the arrest warrant had become inevitable following the attitude of the invitees. He said that
CBN Announces Date to Freeze all Bank Accounts Without BVN, NIN
The Central Bank of Nigeria (CBN) says all bank accounts without Bank Verification Number (BVN) and National Identity Number (NIN) will be placed as ‘Post No Debit’ with effect from April 2024. “Post No Debit” is a term used to
BREAKING: Senate confirms Yemi Cardoso as CBN Governor
Cardoso, who assumed duty as acting CBN Governor following his nomination by President Bola Tinubu earlier in September appeared before the Senate on Tuesday, September 26, 2023, for confirmation of his nomination. During his screening, the lawmakers asked him several questions regarding inflation, fiscal
Senate to Screen Acting CBN Governor Yemi Cardoso, Deputies Today
The Senate will on Tuesday, September 26, 2023, (today) screen Yemi Cardoso, the acting Governor of the Central Bank of Nigeria and four others for the position of Deputy Governors of the bank. If confirmed, the Cardoso and the deputies
Olayemi Cardoso Assumes Office As CBN Confirms Emefiele’s Resignation
Dr. Olayemi Cardoso, the nominee for the position of governor of the Central Bank of Nigeria, has on Friday officially assumed office. According to a statement by Dr. Isa AbdulMumin, the Director, Corporate Communications at the CBN, Cardoso assumed duty
Tinubu Names Cardoso as Emefiele’s replacement
President Bola Tinubu on Friday appointed Dr Olayemi Cardoso as the new Governor of the Central Bank of Nigeria, replacing Folashodun Shonubi who has headed the bank in acting capacity since the President suspended Godwin Emefiele. The Special Adviser
BREAKING: Tinubu Nominates Cardoso as CBN Governor, Names four Deputies
President Bola Tinubu on Friday approved the nomination of Dr. Olayemi Cardoso as the new Governor of the Central Bank of Nigeria for a term of five years at the first instance, pending his confirmation by the Senate.“This directive is
